14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PFMT
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Performant Financial Corporation stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 17, 2024)

Buy or Hold candidate since May 01, 2024 Gain 14.86% PDF

The Performant Financial Corporation stock price gained 0.635% on the last trading day (Friday, 17th May 2024), rising from $3.15 to $3.17. During the last trading day the stock fluctuated 2.57% from a day low at $3.11 to a day high of $3.19. The price has risen in 7 of the last 10 days and is up by 14.03% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 75 thousand more shares were traded than the day before. In total, 188 thousand shares were bought and sold for approximately $595.87 thousand.

The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $3.24 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Performant Financial Corporation stock with a 90% probability to be traded between $2.49 and $3.28 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

PFMT Signals & Forecast

The Performant Financial Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $3.17. On a fall, the stock will find some support from the long-term average at approximately $2.79. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Performant Financial Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -2.16%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Performant Financial Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $2.91 and $2.90. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Performant Financial Corporation finds support just below today's level at $2.91. If this is broken, then the next support from accumulated volume will be at $2.90 and $2.69.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0800 between high and low, or 2.57%. For the last week, the stock has had daily average volatility of 3.55%.

Our recommended stop-loss: $3.03 (-4.34%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (PFMT) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Performant Financial Corporation to open at $3.16, and during the day (based on 14 day Average True Range), to move between $3.04 and $3.30, which gives a possible trading interval of +/-$0.132 (+/-4.17%) up or down from last closing price. If Performant Financial Corporation takes out the full calculated possible swing range there will be an estimated 8.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.19 (0.63%) than the support at $2.91 (8.20%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Performant Financial Corporation stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Performant Financial Corporation stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.808 Buy Candidate Upgraded

Predicted Opening Price for Performant Financial Corporation of Monday, May 20, 2024

Fair opening price May 20, 2024 Current price
$3.16 ( 0.421%) $3.17

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PFMT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.24 2.10 %
R2 3.21 1.14 %
R1 3.19 0.543 %
Current price: 3.17
Support S1 3.13 -1.38 %
S2 3.11 -1.98 %
S3 3.08 -2.94 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 3.24 2.21 %
R1 3.19 0.631 %
Current price 3.17
Support S1 2.91 -8.20%
S2 2.90 -8.52%
S3 2.69 -15.14%

FAQ

What is the symbol for Performant Financial Corporation Stock and on which exchange is it traded?
The symbol for Performant Financial Corporation is PFMT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Performant Financial Corporation Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Performant Financial Corporation stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Performant Financial Corporation Stock?
Performant Financial Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Performant Financial Corporation Stock.

What's the current price of Performant Financial Corporation Stock?
As of the end of day on the May 17, 2024, the price of an Performant Financial Corporation (PFMT) share was $3.17.

What is the 52-week high and low for Performant Financial Corporation Stock?
The 52-week high for Performant Financial Corporation Stock is $3.61 and the 52-week low is $2.01.

What is the market capitalization of Performant Financial Corporation Stock?
As of the May 17, 2024, the market capitalization of Performant Financial Corporation is 243.942M.

When is the next earnings date for Performant Financial Corporation?
The upcoming earnings date for Performant Financial Corporation is Aug 06, 2024.
Click to get the best stock tips daily for free!

About Performant Financial Corporation

Performant Financial Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. The company offers recovery services to the clients in Federal guaranteed student loan program and private institutions; identifies and tracks defaulted borrowers across its clients' portfolios of student loans; rehabilitates and recovers past due student loans; provides tax recovery services to fe... PFMT Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT